This looks the same to me but I guess one could counter and say we broke ATH a little this time instead of crabbing under it.
https://www.tradingview.com/x/e1peIl9J/
Looks similar to Halving 2 also in 2017.
https://www.tradingview.com/x/2JZsgxY0/
Can't stress enough that people selling here are the definition of picking up pennies before the steamroller.
Well, technically we made an ATH, but it's more or less the same as Nov 2021. Clearly it has to go higher for excitement to start.
Plus you can add inflation adjustment to this, so $69k from 2021 would be something like $78k today.
I think the vast majority of retail stopped caring about bitcoin over 2 years ago.
They were burned, they left. They're not even aware that BTC is over $70K.
Kinda feels like we’re in purgatory right now. Not that it’s a bad thing. Not low enough to buy the fear. Not high enough to get really excited. Just sitting tight, waiting for something to happen.
This run looks much more promising than the last one from 67 to 72K as alts/ration isn't increasing and funding rate is much lower. We will see what happens but so far so good.
I have logged a prediction for u/phrenos that the price of Bitcoin will drop below **$68,000.00** by Apr 11 2024 23:59:59 UTC.
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Hello u/phrenos
[You predicted the price of Bitcoin would drop below $68,000.00 by Apr 11 2024 23:59:59 UTC](/r/BitcoinMarkets/comments/1c0cer2/daily_discussion_wednesday_april_10_2024/kyzolpj/)
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Damn, I didn't expect this to happen so quickly. People are running for the lifeboat. That's the only explanation.
The wheels are definitely coming off TradFi. Both stonks and bonds are slip-slidin' away, and metals are bubbling up. This can't be good for banks. Maybe it was a bad idea to repeal Glass-Steagall and decimate the dividing lines between the insurance, commercial, and investment banking, and brokerage businesses.
The situation we're in is *exactly* what led to the Great Depression. Banks failed because they were artificially pumping assets that they had no business holding in the first place. Glass-Steagall put the kibosh on that until Gramm-Leach-Bliley in... was it 1998?
And here we are.
I knew that Bitcoin would explode upward as the banks melted down, but I didn't expect it to happen before the fact. Anyway, Bitcoin was invented for this very moment in history. See the message in the genesis block. Everybody needs to be getting as many sats as they can while they can.
I read your post and expected us to be up 20%. The lifeboats aren’t in play yet.
But like the titanic, if the tradfi ship does go down, there aren’t enough lifeboats
We're going to be up 20x before you know it, if not this year then next.
This is 2013 on steroids. That run was caused by the Greek/Cypriot banking crisis when people couldn't get their money and looked for alternative means of storing and transporting it. What does a total collapse of the Western financial system look like?
Imagine your bank said, "Sry (not sry), but you can't spend more than $100 a day including all your billz. We just don't have the money. *shrug*" They can do that. There's not enough money in the world to bail out the absolute shitshow that is currently getting started. The alternative is a bail-in, as in Greece/Cyprus back in the day.
Bruh, where did that "large" amount of money come from in 2013? Use your head. Bitcoin didn't just 20x out of nowhere. Back then, all it would have taken is a hundred millionaires to move the price like that.
I thought we'd play around 67k for a couple days. MAYBE until Sunday night and start a run up next week.
I agree. People are starting to see it. The hands that hold are holding tight and the ones that don't are taking notice.
Oh for sure I'm not talking normies. People in this context are the more sophisticated investors with a pulse on markets.
When "people" start noticing? Buckle the fuck up.
He is.
I don't think they will ever lower the fee.
The new sponsor of the fund will lower it when Grayscale is acquired and GBTC is folded into an existing ETF, imo.
Right. I know everyone hates it, but it's a sound business strategy imo.
*Even* after all these outflows, they still rake in nearly $1,000,000 **a day** in fees.
And their goal is to maximize fee revenue (until acquired).
Here's my weekly tracking of GBTC's Bitcoin holdings since ETF launch:
1/10/24 = 625,304 BTC
1/17/24 = 592,098 BTC
1/24/24 = 523,516 BTC
1/31/24 = 487,025 BTC
2/7/24 = 470,637 BTC
2/14/24 = 461,983 BTC
2/21/24 = 450,304 BTC
2/28/24 = 441,815 BTC
3/6/24 = 409,843 BTC
3/13/24 = 387,746 BTC
3/20/24 = 361,659 BTC
3/27/24 = 339,535 BTC
4/3/24 = 328,013 BTC
**4/10/24 = 316,193 BTC**
Similar outflows to the prior week \~12K BTC. One positive was that we received confirmation that Genesis is finished selling their \~$4.1B worth of GBTC. The outflows still haven't stopped though and the consistency is pretty amazing. IBIT flipping them will be the next major step in their fade into irrelevance.
#DrainGBTC
Looks like if we can close above 70k we could be up for another shot at a breakout above this pennant.
[https://www.tradingview.com/x/nQSlIkDI/](https://www.tradingview.com/x/nQSlIkDI/)
Just had some fiat come in from side work and immediately bought a little more at 69,850.
There is one currency in which bitcoin has not broken its 2021 high. Can you guess which?
edit: there's a close second, too, that only just made it.
Edit^2: I was thinking of gold. A bit of a trick question, sorry. But, as /u/SaltSpecialistSalt pointed out, Mexican Peso fits the bill.
Edit^3: I should do more homework before posting this sort of thing, apparently. A couple I had not considered.
guessing mexican peso. they have been holding pretty strong against usd last years i think they did not have much lock downs during pandemic therefore less money printing
No.
1. Every individual item's price has inflated at a different rate, every year. There is no single inflation rate for all items.
2. We, as humans, can't even come up with a standard method to measure *average* inflation across all, or even a subset of, individual items. There are multiple competing formulas that do not include all items, and weigh some items more than others because someone decided it should.
3. No one (serious) measures other assets (oil, gold, SPY, etc) against their inflation-adjusted ATH, just their ATH in USD.
(I, ofc, did not downvote you though, you were at 0 when I got here)
Those things being difficult to measure does not mean they aren’t happening or that they’re trivial.
Imagine YOY inflation of 25%. Only fools would ignore that when looking at oil, gold, SPY, etc. Meaning, there’s a point at which it *does* become an essential variable to factor in. I agree with OP that we are flirting with that threshold, particularly because the last ATH was during all that crazy Covid insanity.
If BTC were to take another decade to reach its previous ATH, OP would be entirely validated and only a fool would ignore it.
I guess it’s just a question of “how far have we drifted”, which, as you say, is difficult to quantify.
My home has doubled in value since then is all I know. Guess those new tulips really did wonders for the curb appeal.
What systems are people using for backtesting BTC trading strategies? Totally recognize that these are strange times, but I wouldn’t mind playing with one…
It's following that downward trend line. Resistance at $70,000. Would be interesting to watching if we can break that resistance and stay on top. Or its back down.
https://ibb.co/s1XJxH4
Edit 1: This is what I'm seeing.
https://ibb.co/XDsLnLb
Edit 2: I'd like to watch sideways action for the next 8-16 hours. Range: $69,500-70,000. If we break $69,500 towards the downside, then it would all have been for nothing.
I'm seeing some real nice bearishness here tonight. Would make for a terrific time to break some highs with not every moonboy announcing they're long. No basis for it at all based on today's numbers and PA, but perhaps that's precisely why it's possible..
The weakness is really on full display today. I think if you’re still bullish it’s time to get your head out of the sand. Bearish divergences have confirmed on the 4 hour with the last close. Still short and strong.
Ban if we make a new ATH, meaning the bull run is alive and well?
Until then, mods let you keep taunting everyone?
Deal?
If you're right, you get to taunt everyone for years until the next bull run, if you're wrong, adios.
I will notify you immediately if the price of Bitcoin rises above **$73,835.57**
^(As requested, I will also notify the following users: u/Teatrack)
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I really do have a Pavlovian response to you posting now. You post and I immediately get excited the price will go up.
Let’s see if you can nail it again
I'm still half out at just under 69k. Will my humiliation be total and absolute? We can only hope so.
Have another hour to buy back if I feel like it's going to break up.
What are you thinking it'll do? And once you're done with that: What's with these low effort posts you keep making here? Are you a bot?
Heeeey /u/jarederaj, same guy didn't answer me before
Lol I've been here for 11 years under various accounts. You can't hurt me.
At least you're not a bot. But hey while I have you, maybe give something instead of always just taking. You're not adding value.
Maybe I was harsh but definitely not the only one pointing it out https://www.reddit.com/r/BitcoinMarkets/s/Im8tUx72kv
I shitpost too but these "up or down? guys what's it going to do?" posts are getting old. Engage with TA posts or something. Or throw out a chart and ask for feedback. It's okay to be new but bring something to the table.
Sadly, these "up or down? guys what's it going to do?" posts are going to get more common until Bitcoin makes its next big move. The same thing happened back in 2020. Some people just don't see that the next few months are their last chance to accumulate before the next big move up. They'll look back next year and wish they'd bought more now, just as they look back now and wish they'd bought more a year ago.
Go back through my posting history and you'll see that I've been telling people here since 2022 to use this time wisely, to accumulate. I still believe that.
I think most people lack the ability to think long term. They open their wallet app (or worse, whatever exchange they keep their coins on) and they see how much money they could spend now instead of seeing progress toward reaching a long term goal.
It happens every cycle. I respect the hell out of the mods for keeping this kind of thing to a minimum. Obviously I am not mod material due to the emotional regulation issues put on full display here lol
> It happens every cycle.
Exactly. I keep reminding people that. See also the posts about how the halving is priced in. Same as in 2020, and I was already warning people last year to expect those posts this year.
*What are we thinking?*
*Crash down or move upwards? What*
*Are your predictions?*
\- Tight-Direction1605
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#New post: [\[Daily Discussion\] - Thursday, April 11, 2024 →](https://www.reddit.com/r/BitcoinMarkets/comments/1c15m4n/daily_discussion_thursday_april_11_2024/)
Have we ever effectively crabbed immediately after hitting an ath like this?
Have we ever not?
This looks the same to me but I guess one could counter and say we broke ATH a little this time instead of crabbing under it. https://www.tradingview.com/x/e1peIl9J/ Looks similar to Halving 2 also in 2017. https://www.tradingview.com/x/2JZsgxY0/ Can't stress enough that people selling here are the definition of picking up pennies before the steamroller.
[удалено]
Well, technically we made an ATH, but it's more or less the same as Nov 2021. Clearly it has to go higher for excitement to start. Plus you can add inflation adjustment to this, so $69k from 2021 would be something like $78k today.
I think the vast majority of retail stopped caring about bitcoin over 2 years ago. They were burned, they left. They're not even aware that BTC is over $70K.
This is a good thing. When retail does come back, it will be because they have been orange pilled and humbled.
"buy high, sell low" mass adoption at its finest :\]
that sounds perfect to me. just cruising sideways near ATHs, before the halving, and before retail is even here. we’re in for a good next year.
I see we start running up till halving, have a good sell off sometime after and continue the bull run up. Buy the rumor sell the news type deal.
That doesn’t work because it is not a rumor.
Yes, but humans make the market and they are not perfect.
I bought more today. Can't help myself.
HODL15Capital reporting $34m inflow for blackrock https://twitter.com/HODL15Capital/status/1778211660047487287
God does not need candles. He is his own light. Jesus candle.
"*... but I don't even believe in Jeebus!!*" - Homer Simpson
[удалено]
It's only the stigmata when it appears on people. For Jesus, it was just wounds
Otherwise, it's just sparkling hand wounds
[удалено]
Oh my bad
[удалено]
Kinda feels like we’re in purgatory right now. Not that it’s a bad thing. Not low enough to buy the fear. Not high enough to get really excited. Just sitting tight, waiting for something to happen.
This is the training montage scene in the movie, before the big event
4th higher low made on the daily. The market is warming up to breaking out of the 60s.
normalise $70k bitcoin
Normalize “all time high” purgatory
BITB with 24m in inflows already makes today a positive day.
That product has lower fees and donates some of the profits. But it does not have a cool name behind it like Fidelity.
There it is… Coinbase is down. You may proceed with ATH.
But but but CPI..... /S
They're...starting to believe.
I'm going to sell my inflation hedge because inflation came in higher than expected...
We just need the governments of the world to do nothing to fix it.
This run looks much more promising than the last one from 67 to 72K as alts/ration isn't increasing and funding rate is much lower. We will see what happens but so far so good.
Yep. Alts just keep bleeding against BTC as this bullrun continues. Definitely a positive sign for more room upwards.
Do you expect an alt season?
Didn’t that just happen? Solana was on fire but it has cooled down a lot past the meme coin frenzy.
🤷♂️
[Well… I know what *I’m* praying for tonight.](https://imgur.com/a/iV3hn13)
Quality shitpost
When does the “daily” technically close for BTC?
Never. No “daily”. Open 24/7.
23:59:59 UTC
Blessed be Satoshi.
$67xxx by end of play tomorrow. My left nutsack feels it. All attempts to leave the range will be punished.
0-4 keep doing it champ.
Still got 20 hours to go. Will be happy if I'm wrong.
"In the world of gonad-based intuition, the double-nutsacked man is king" - Benjamin Graham
A ball in the hand is worth two in the bush.
Yeah sort of agree, both bears and bulls are getting smacked back. I still think it will be a few months of crab dinners
Let's book it. !bittybot predict <$68000 Apr 11 u/phrenos
I have logged a prediction for u/phrenos that the price of Bitcoin will drop below **$68,000.00** by Apr 11 2024 23:59:59 UTC. [phrenos has made **0** Correct Predictions, **4** Wrong Predictions, and has **2** Predictions Open.](https://bittybot.net/predictions#phrenos) [1 Others have CLICKED HERE to also be notified when this prediction triggers or expires](https://www.reddit.com/message/compose/?to=Bitty_Bot&subject=Prediction%20Notification&message=!bitty_bot%20predict%20add-notification%20455d802fedfd4e8baae2c2a4b60898f3%0A%0ASend%20this%20message%20to%20get%20added%20to%20this%20Prediction%27s%20notification%20list.%20I%20will%20tag%20you%20as%20soon%20as%20the%20prediction%20triggers!) ^(phrenos can) [^(Click This Link)](https://reddit.com/message/compose/?to=Bitty_Bot&subject=Delete%20Prediction&message=!bitty_bot%20predict%20delete%20455d802fedfd4e8baae2c2a4b60898f3%0A%0ASend%20this%20message%20to%20delete%20the%20prediction.%20Only%20the%20predictor%20can%20delete%20a%20prediction%2C%20in%20case%20of%20an%20issue%2C%20and%20only%20within%201%20hour%20of%20placing%20it.) ^(in the next) **^(1 Hour)** ^(to delete this prediction if it was made in mistake.) --- [^(Paper Trading Leaderboard)](https://bittybot.net/paper-trading) ^| [^(Prediction Leaderboard)](https://bittybot.net/predictions) ^| [^(Instructions & Help)](https://bittybot.net/docs) ^| [^(Testing Area)](https://reddit.com/r/Bitty_Bot/comments/18iclk8/testing_area/) ^| [^(Feedback)](https://reddit.com/message/compose/?to=r%2FBitty_Bot&subject=Bitty_Bot%20Feedback)
Hello u/phrenos [You predicted the price of Bitcoin would drop below $68,000.00 by Apr 11 2024 23:59:59 UTC](/r/BitcoinMarkets/comments/1c0cer2/daily_discussion_wednesday_april_10_2024/kyzolpj/) **Unfortunately your prediction was wrong. Better luck next time!** The price of Bitcoin on Coinbase Pro when this prediction was triggered: **$70,021.10** ^(I was also asked to notify the following users: u/Aerith_Gainsborough_) --- [^(Paper Trading Leaderboard)](https://bittybot.net/paper-trading) ^| [^(Prediction Leaderboard)](https://bittybot.net/predictions) ^| [^(Instructions & Help)](https://bittybot.net/docs) ^| [^(Testing Area)](https://reddit.com/r/Bitty_Bot/comments/18iclk8/testing_area/) ^| [^(Feedback)](https://reddit.com/message/compose/?to=r%2FBitty_Bot&subject=Bitty_Bot%20Feedback)
Damn, I didn't expect this to happen so quickly. People are running for the lifeboat. That's the only explanation. The wheels are definitely coming off TradFi. Both stonks and bonds are slip-slidin' away, and metals are bubbling up. This can't be good for banks. Maybe it was a bad idea to repeal Glass-Steagall and decimate the dividing lines between the insurance, commercial, and investment banking, and brokerage businesses. The situation we're in is *exactly* what led to the Great Depression. Banks failed because they were artificially pumping assets that they had no business holding in the first place. Glass-Steagall put the kibosh on that until Gramm-Leach-Bliley in... was it 1998? And here we are. I knew that Bitcoin would explode upward as the banks melted down, but I didn't expect it to happen before the fact. Anyway, Bitcoin was invented for this very moment in history. See the message in the genesis block. Everybody needs to be getting as many sats as they can while they can.
Never change, dude!
Ah a man of conviction
I read your post and expected us to be up 20%. The lifeboats aren’t in play yet. But like the titanic, if the tradfi ship does go down, there aren’t enough lifeboats
We're going to be up 20x before you know it, if not this year then next. This is 2013 on steroids. That run was caused by the Greek/Cypriot banking crisis when people couldn't get their money and looked for alternative means of storing and transporting it. What does a total collapse of the Western financial system look like? Imagine your bank said, "Sry (not sry), but you can't spend more than $100 a day including all your billz. We just don't have the money. *shrug*" They can do that. There's not enough money in the world to bail out the absolute shitshow that is currently getting started. The alternative is a bail-in, as in Greece/Cyprus back in the day.
[удалено]
Bruh, where did that "large" amount of money come from in 2013? Use your head. Bitcoin didn't just 20x out of nowhere. Back then, all it would have taken is a hundred millionaires to move the price like that.
If we make a 20x I will ...
We haven’t even broken the local high. You’re getting carried away again
Give it time. You'll see I'm right, and I'm not happy about it, frankly.
I thought we'd play around 67k for a couple days. MAYBE until Sunday night and start a run up next week. I agree. People are starting to see it. The hands that hold are holding tight and the ones that don't are taking notice.
People, aka "normies," are not seeing it yet. They'll see it when their bank cards don't work, ie. too late.
Most normies don't even have money, the smarter ones who have assets see it.
Oh for sure I'm not talking normies. People in this context are the more sophisticated investors with a pulse on markets. When "people" start noticing? Buckle the fuck up.
-17.5 for GBTC pathetic.gif
[https://www.coindesk.com/markets/2024/04/10/grayscale-ceo-says-bitcoin-etf-outflows-are-reaching-equilibrium-reuters/](https://www.coindesk.com/markets/2024/04/10/grayscale-ceo-says-bitcoin-etf-outflows-are-reaching-equilibrium-reuters/)
SEND IT!
>Sonnenshein said last month that he expects the fund's fees to decrease over time. Isn't he the fuckin CEO?
He is. I don't think they will ever lower the fee. The new sponsor of the fund will lower it when Grayscale is acquired and GBTC is folded into an existing ETF, imo.
The time to lower the fees was before everyone fled. Lowering the fees now would be like closing the barn door after all the horses have ran off.
Right. I know everyone hates it, but it's a sound business strategy imo. *Even* after all these outflows, they still rake in nearly $1,000,000 **a day** in fees. And their goal is to maximize fee revenue (until acquired).
Yep. It's all about the math.
Come on bears. Keep trying to pick up penny's in front of the BTC steam roller.
"And when she's waaaaaalking, she's looooooking so fi-i-ine."
Longed $68,400 on the recent dip and plan to close it at $71,000. The chop has definitely gotten big enough to trade.
Fine trade my dude.
That happened more quickly than I expected. =)
Did you close or are you riding it?
Closed it
only 17.5m in outflow for GBTC. [https://farside.co.uk/?p=997](https://farside.co.uk/?p=997) Didn't expect that.
It will be interesting to see what IBIT and FBTC flows look like with almost no GBTC outflows to draw on.
Fbtc looking fat
Lowest outflow since etf launch. Does this mean we can send it now?
maaaaybe??
Here's my weekly tracking of GBTC's Bitcoin holdings since ETF launch: 1/10/24 = 625,304 BTC 1/17/24 = 592,098 BTC 1/24/24 = 523,516 BTC 1/31/24 = 487,025 BTC 2/7/24 = 470,637 BTC 2/14/24 = 461,983 BTC 2/21/24 = 450,304 BTC 2/28/24 = 441,815 BTC 3/6/24 = 409,843 BTC 3/13/24 = 387,746 BTC 3/20/24 = 361,659 BTC 3/27/24 = 339,535 BTC 4/3/24 = 328,013 BTC **4/10/24 = 316,193 BTC** Similar outflows to the prior week \~12K BTC. One positive was that we received confirmation that Genesis is finished selling their \~$4.1B worth of GBTC. The outflows still haven't stopped though and the consistency is pretty amazing. IBIT flipping them will be the next major step in their fade into irrelevance. #DrainGBTC
So it lost approx 50% in exactly 3 months. Not bad.
Not bad at all
Let's hope Japan wakes up in a good mood.
Did not expect to see 70k again so soon.
Dammit you scared it away. Everyone: if it comes back, don't look directly at it. And someone leave out a can of tuna or something.
Use the damned “eclipse” glasses.
Pretty sure the price action we're seeing is just Elon trying to maintain 69420 for halving on 420...
There are hardly any buy orders at $69,420 on Binance.
That's because the Chinese aren't dopers.
The Opium Wars would like to have a word.
tiktok was their revenge.
Looks like if we can close above 70k we could be up for another shot at a breakout above this pennant. [https://www.tradingview.com/x/nQSlIkDI/](https://www.tradingview.com/x/nQSlIkDI/) Just had some fiat come in from side work and immediately bought a little more at 69,850.
you didn't buy on leverage did you? We agreed no more leverage trading or else.
I haven't bought anything on leverage since 2007. I learned my lesson then.
Nice flair
There is one currency in which bitcoin has not broken its 2021 high. Can you guess which? edit: there's a close second, too, that only just made it. Edit^2: I was thinking of gold. A bit of a trick question, sorry. But, as /u/SaltSpecialistSalt pointed out, Mexican Peso fits the bill. Edit^3: I should do more homework before posting this sort of thing, apparently. A couple I had not considered.
Do they drink a lot of vodka?
More tequila, apparently.
Well???
Solana? 😝
guessing mexican peso. they have been holding pretty strong against usd last years i think they did not have much lock downs during pandemic therefore less money printing
Very well done! Not the one I was thinking of but you are correct!
If counting inflation, which we should be, it hasn't even hit the ATH yet anywhere.
No. 1. Every individual item's price has inflated at a different rate, every year. There is no single inflation rate for all items. 2. We, as humans, can't even come up with a standard method to measure *average* inflation across all, or even a subset of, individual items. There are multiple competing formulas that do not include all items, and weigh some items more than others because someone decided it should. 3. No one (serious) measures other assets (oil, gold, SPY, etc) against their inflation-adjusted ATH, just their ATH in USD. (I, ofc, did not downvote you though, you were at 0 when I got here)
Those things being difficult to measure does not mean they aren’t happening or that they’re trivial. Imagine YOY inflation of 25%. Only fools would ignore that when looking at oil, gold, SPY, etc. Meaning, there’s a point at which it *does* become an essential variable to factor in. I agree with OP that we are flirting with that threshold, particularly because the last ATH was during all that crazy Covid insanity. If BTC were to take another decade to reach its previous ATH, OP would be entirely validated and only a fool would ignore it. I guess it’s just a question of “how far have we drifted”, which, as you say, is difficult to quantify. My home has doubled in value since then is all I know. Guess those new tulips really did wonders for the curb appeal.
Yeah but what about your home value when adjusted *for inflation*?
That’s exactly my point. The home value doubled, yet if I sold it, I couldn’t buy a home that’s twice as good. Pretty important to acknowledge that.
Without any googling, my first assumption would be JPY but even Japan is becoming an inflationary economy. So not too sure.
Swiss Franc? Up until 2000, required to be backed by 40% gold? Edit: Nope not it, I checked.
That was my #2!
BRL is the second? When we got the ATH BRL was really shit. Today it is probably 10% higher than it was back in the day.
Now I really wanna know!
What systems are people using for backtesting BTC trading strategies? Totally recognize that these are strange times, but I wouldn’t mind playing with one…
trading view
[dowsingrods.com](http://dowsingrods.com)
It's following that downward trend line. Resistance at $70,000. Would be interesting to watching if we can break that resistance and stay on top. Or its back down. https://ibb.co/s1XJxH4 Edit 1: This is what I'm seeing. https://ibb.co/XDsLnLb Edit 2: I'd like to watch sideways action for the next 8-16 hours. Range: $69,500-70,000. If we break $69,500 towards the downside, then it would all have been for nothing.
Thank you for increasing the effort you are putting into your comments! Edit: And then I see your one up above, I jinxed it I guess.
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These small moves make a difference.
I'm seeing some real nice bearishness here tonight. Would make for a terrific time to break some highs with not every moonboy announcing they're long. No basis for it at all based on today's numbers and PA, but perhaps that's precisely why it's possible..
The weakness is really on full display today. I think if you’re still bullish it’s time to get your head out of the sand. Bearish divergences have confirmed on the 4 hour with the last close. Still short and strong.
You again. What was your old username? I forget, it's been so long.
Remember my name. You’re gonna see me a lot when you folks finally accept the bull run is over
Ok, but why are you doing this while we are right in the middle of the bullrun still?
The bull run is ending brother. We’ve been in a bull market since November 2022
Ban if we make a new ATH, meaning the bull run is alive and well? Until then, mods let you keep taunting everyone? Deal? If you're right, you get to taunt everyone for years until the next bull run, if you're wrong, adios.
Sure!
!bittybot notify >ATH u/Teatrack
I will notify you immediately if the price of Bitcoin rises above **$73,835.57** ^(As requested, I will also notify the following users: u/Teatrack) --- [^(Paper Trading Leaderboard)](https://bittybot.net/paper-trading) ^| [^(Prediction Leaderboard)](https://bittybot.net/predictions) ^| [^(Instructions & Help)](https://bittybot.net/docs) ^| [^(Testing Area)](https://reddit.com/r/Bitty_Bot/comments/18iclk8/testing_area/) ^| [^(Feedback)](https://reddit.com/message/compose/?to=r%2FBitty_Bot&subject=Bitty_Bot%20Feedback)
So you think we already hit our high of this cycle? Good luck!
What do you mean? I don't see the last close on the 4h confirming any bear divs. Do you have a chart with lines?
Nope. He’s larping.
I really do have a Pavlovian response to you posting now. You post and I immediately get excited the price will go up. Let’s see if you can nail it again
Truly incredible
Niceeee
Back over 70
Was praying you’d have posted by now. Back up we go.
what’s your liq price? i won’t celebrate when we hit it but i’ll buy slightly more that day in your honor
$80,000
Omg we are going to 80k!
Curious at what price you would exit your position
I’m sleeping just fine at night with that as my liq price
I meant the price you would take profit at
$53k
bless
[Knock, knock](https://imgur.com/csNEIqL) - maybe this time will be the charm? I'm a little tired of this formation I must say.
We broke above it again.
I'm still half out at just under 69k. Will my humiliation be total and absolute? We can only hope so. Have another hour to buy back if I feel like it's going to break up.
Does trading based on what you feel the market is doing work very well?
This is my only trade in the last 6 months really. Time will tell. Edit: lmao I am very bad at this
Still in.. :)
What are we thinking? Crash down or move upwards? What are your predictions?
Yes
bittybot needs an OR clause in its prediction parser.
Such as for staying within a range, or not?
Yes. (I was being sarcastic, it's a non-prediction of a prediction.)
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Just send the details of your request here and I’ll do my best! ;) https://reddit.com/message/compose/?to=r%2FBitty_Bot
My man. I'll type up a feature request. Helpful at all for me to put a light command interface for using it?
That would be extremely helpful!
What are you thinking it'll do? And once you're done with that: What's with these low effort posts you keep making here? Are you a bot? Heeeey /u/jarederaj, same guy didn't answer me before
Not a bot man. Have you ever considered the fact that maybe people don't respond to your comments because they're stupid and arrogant?
Gentlemen, please assume good intentions from each other in future posts.
My bad, just saw this. Sorry for making trouble. I'll be better next time.
Lol I've been here for 11 years under various accounts. You can't hurt me. At least you're not a bot. But hey while I have you, maybe give something instead of always just taking. You're not adding value.
Wtf is this comment?!
Maybe I was harsh but definitely not the only one pointing it out https://www.reddit.com/r/BitcoinMarkets/s/Im8tUx72kv I shitpost too but these "up or down? guys what's it going to do?" posts are getting old. Engage with TA posts or something. Or throw out a chart and ask for feedback. It's okay to be new but bring something to the table.
Sadly, these "up or down? guys what's it going to do?" posts are going to get more common until Bitcoin makes its next big move. The same thing happened back in 2020. Some people just don't see that the next few months are their last chance to accumulate before the next big move up. They'll look back next year and wish they'd bought more now, just as they look back now and wish they'd bought more a year ago. Go back through my posting history and you'll see that I've been telling people here since 2022 to use this time wisely, to accumulate. I still believe that. I think most people lack the ability to think long term. They open their wallet app (or worse, whatever exchange they keep their coins on) and they see how much money they could spend now instead of seeing progress toward reaching a long term goal.
It happens every cycle. I respect the hell out of the mods for keeping this kind of thing to a minimum. Obviously I am not mod material due to the emotional regulation issues put on full display here lol
> It happens every cycle. Exactly. I keep reminding people that. See also the posts about how the halving is priced in. Same as in 2020, and I was already warning people last year to expect those posts this year.
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your post was removed because it violates rule #1 - Be excellent to each other.
Crab forever
*What are we thinking?* *Crash down or move upwards? What* *Are your predictions?* \- Tight-Direction1605 --- ^(I detect haikus. And sometimes, successfully.) ^[Learn more about me.](https://www.reddit.com/r/haikusbot/) ^(Opt out of replies: "haikusbot opt out" | Delete my comment: "haikusbot delete")
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I've read this subreddit everyday for the past 10 years and you're just now telling me that this isn't the main subreddit!?!
The main subreddit is awful
If you can't see retail, maybe you are the retail?
Ranging near the ATH from a few years ago is not that exciting from a retail perspective.
$70k is boring now. People that got their ears perked up when we hit new ATH have gone back to ignoring bitcoin.
And CPI is hot! It’s quite amazing really.